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The RugMom Thinks It’s Nice That You Do That Computer Money Stuff
GREAT FALLS — On a recent call with your mother, the subject of what you do for a living inevitably came up. You went on to explain, for the seventh time this month, how you now audit smart contracts for flaws and vulnerabilities, earning a combination of fiat and ETH on a biweekly basis. Your mom replied, “I don’t know what any of that means, but it’s really nice how you do that computer money stuff.” Early attempts to explain your vocation to your mother go back to early 2021 when you were ...
The RugTwitter Rebrands to “X” Commemorating Drop to 10th Best Social Media Platform
SAN FRANCISCO — In a celebratory move, Twitter CEO Elon Musk changed the name of the platform to “X” commemorating its spot on a list of social media platforms. According to HootSuite, it now ranks 10th behind powerhouses such as Truth Social and Holla. Before the new list was announced Musk was planning to rebrand his social media company as “X AE, v. non-child.” Employees breathed a sigh of relief. “Pretty sure we would have immediately lost all of our users if he named us that,” said Chief...
The RugVitalik Suspected of Extraterrestrial Origins
EARTH — Conspiracy theorists have taken to Reddit this week in a wild and unfounded notion that Ethereum founder Vitalik Buterin is from a recently discovered planet located between Venus and Mercury. Redditors are calling the planet “Cryptomar.” The contention that the blockchain guru is from another planetary body is loosely based on conjecture that he “looks like an alien” and the fact that he put Earth as his location in his twitter bio.Vitalik lists twitter location as "Earth".Despite al...
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The RugMom Thinks It’s Nice That You Do That Computer Money Stuff
GREAT FALLS — On a recent call with your mother, the subject of what you do for a living inevitably came up. You went on to explain, for the seventh time this month, how you now audit smart contracts for flaws and vulnerabilities, earning a combination of fiat and ETH on a biweekly basis. Your mom replied, “I don’t know what any of that means, but it’s really nice how you do that computer money stuff.” Early attempts to explain your vocation to your mother go back to early 2021 when you were ...
The RugTwitter Rebrands to “X” Commemorating Drop to 10th Best Social Media Platform
SAN FRANCISCO — In a celebratory move, Twitter CEO Elon Musk changed the name of the platform to “X” commemorating its spot on a list of social media platforms. According to HootSuite, it now ranks 10th behind powerhouses such as Truth Social and Holla. Before the new list was announced Musk was planning to rebrand his social media company as “X AE, v. non-child.” Employees breathed a sigh of relief. “Pretty sure we would have immediately lost all of our users if he named us that,” said Chief...
The RugVitalik Suspected of Extraterrestrial Origins
EARTH — Conspiracy theorists have taken to Reddit this week in a wild and unfounded notion that Ethereum founder Vitalik Buterin is from a recently discovered planet located between Venus and Mercury. Redditors are calling the planet “Cryptomar.” The contention that the blockchain guru is from another planetary body is loosely based on conjecture that he “looks like an alien” and the fact that he put Earth as his location in his twitter bio.Vitalik lists twitter location as "Earth".Despite al...
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Deemed the mostly credible news source in Web3, The Rug is a group of comics who spun up out of the BanklessDAO. We currently sell limited edition NFTs of news articles that satirize Web3 events. Whether real or imaginary material, our goal is to leverage humor and wit to expand the imprint of cryptocurrency and offer reprieve in an often tumultuous environment. The simplest way to explain The Rug?
“It’s like The Onion, but for crypto.”
When The Rug launched Issue #0 on Nov. 13th, it pulled in 205 likes, 111 RTs, and sold out 69/69 editions at .042 ETH <48 hours. The ETH was split evenly amongst all of our contributors.
Since launching our first tweet Nov 12, we’ve shot up to >2,300 Twitter Followers. We’ve recently crystalized into our own Discord server and are currently on-boarding a new batch of writers.
We chose this as our NFT launch platform because it’s truly decentralized (unlike OpenSea) and for its literary vibe, which felt like a proper house for a periodical. Also, it enabled us to create a smart contract that would evenly distribute payments in a single transaction - something we could not do on OpenSea, or Rarible. Mirror FTW.
Our first feature article unpacks our ethos a bit. We were all chatting about how NFT dissenters had this whole “just a jpg” attitude pertaining to this wildfire trend that dwarfed all of the other trends in 2021. From our view it was sort of fascinating how people couldn’t see why thousands of re-printed Van Goghs, showing Starry Night sold for $37 on Amazon, but the original, which is housed in NYC at the MoMA, was valued at over $111M.
So we were sort of ‘cut up’ by this idea of The MoMA going out of business due to a “Right-Click Save As” attack, and decided to run that as our first feature article.
As the second issue was being produced The Rug began to see more of a streamlined process. Effectively, a whole new glossary was born from simply having done it once. We had a better sense of article size length, titles, and word counts. We expanded our group as well, and tightened our workflow. We're very proud of Issue #1.
We’re always seeking new ways to incorporate different themes. For example, we’d done classifieds, so we tried our hand at fake ads, and movie titles. What came out of that was the MetaTheater. Who doesn’t want to see Edward Paperhands, Shrekt, and Dude, Where’s My Wallet? We liked it so much we spun it up again in Our Holiday Issue, so people could go see Miracle on (3,3) Street and Dai Hard.
We’re aiming to bake in more utility with our existing NFT contracts, (POAPS, ‘Rug Collectors’ Discord access, unique collectors Items, “wen token?”, etc). So far we’ve minted Issue #0, Issue #1, Issue #2, and Issue #3. We’re shipping two more (Issue #4, Issue #5), and that will be the end of Volume 1. We’ve affectionately dubbed this first half-dozen The Rug OG Web3 Comedy Collection_v1.
For Volume 2 we’re looking at using a different model (possibly timed-release).
Our goal is to build funny content that the Web3 community can consume, and share for free. Since people also enjoy the limited edition collectible component, we are happy to include that and find new ways to make it valuable. Beyond that, when we run an article or send a tweet, and it’s well received, that’s us doing our job.
So where does it go from here? If you’ll permit an anachronistic metaphor, we are but a wandering worn-out traveler ambling up to a dimly lit inn after close, softly knocking on the door, and humbly requesting a room, with the hope to share in a warm drink and spin a yarn or two, for those fellow travelers on this dusty road-less-traveled.
Deemed the mostly credible news source in Web3, The Rug is a group of comics who spun up out of the BanklessDAO. We currently sell limited edition NFTs of news articles that satirize Web3 events. Whether real or imaginary material, our goal is to leverage humor and wit to expand the imprint of cryptocurrency and offer reprieve in an often tumultuous environment. The simplest way to explain The Rug?
“It’s like The Onion, but for crypto.”
When The Rug launched Issue #0 on Nov. 13th, it pulled in 205 likes, 111 RTs, and sold out 69/69 editions at .042 ETH <48 hours. The ETH was split evenly amongst all of our contributors.
Since launching our first tweet Nov 12, we’ve shot up to >2,300 Twitter Followers. We’ve recently crystalized into our own Discord server and are currently on-boarding a new batch of writers.
We chose this as our NFT launch platform because it’s truly decentralized (unlike OpenSea) and for its literary vibe, which felt like a proper house for a periodical. Also, it enabled us to create a smart contract that would evenly distribute payments in a single transaction - something we could not do on OpenSea, or Rarible. Mirror FTW.
Our first feature article unpacks our ethos a bit. We were all chatting about how NFT dissenters had this whole “just a jpg” attitude pertaining to this wildfire trend that dwarfed all of the other trends in 2021. From our view it was sort of fascinating how people couldn’t see why thousands of re-printed Van Goghs, showing Starry Night sold for $37 on Amazon, but the original, which is housed in NYC at the MoMA, was valued at over $111M.
So we were sort of ‘cut up’ by this idea of The MoMA going out of business due to a “Right-Click Save As” attack, and decided to run that as our first feature article.
As the second issue was being produced The Rug began to see more of a streamlined process. Effectively, a whole new glossary was born from simply having done it once. We had a better sense of article size length, titles, and word counts. We expanded our group as well, and tightened our workflow. We're very proud of Issue #1.
We’re always seeking new ways to incorporate different themes. For example, we’d done classifieds, so we tried our hand at fake ads, and movie titles. What came out of that was the MetaTheater. Who doesn’t want to see Edward Paperhands, Shrekt, and Dude, Where’s My Wallet? We liked it so much we spun it up again in Our Holiday Issue, so people could go see Miracle on (3,3) Street and Dai Hard.
We’re aiming to bake in more utility with our existing NFT contracts, (POAPS, ‘Rug Collectors’ Discord access, unique collectors Items, “wen token?”, etc). So far we’ve minted Issue #0, Issue #1, Issue #2, and Issue #3. We’re shipping two more (Issue #4, Issue #5), and that will be the end of Volume 1. We’ve affectionately dubbed this first half-dozen The Rug OG Web3 Comedy Collection_v1.
For Volume 2 we’re looking at using a different model (possibly timed-release).
Our goal is to build funny content that the Web3 community can consume, and share for free. Since people also enjoy the limited edition collectible component, we are happy to include that and find new ways to make it valuable. Beyond that, when we run an article or send a tweet, and it’s well received, that’s us doing our job.
So where does it go from here? If you’ll permit an anachronistic metaphor, we are but a wandering worn-out traveler ambling up to a dimly lit inn after close, softly knocking on the door, and humbly requesting a room, with the hope to share in a warm drink and spin a yarn or two, for those fellow travelers on this dusty road-less-traveled.
@Amazon POAPs 
@ConstitutionDAO buys a Congressperson 
Movie showtimes in the metaverse
#therugnews 
@Amazon POAPs @ConstitutionDAO buys a Congressperson Movie showtimes in the metaverse #therugnews 
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